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Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $101,800 of raw materlals on credit. b. Materlals requisitions show the
Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $101,800 of raw materlals on credit. b. Materlals requisitions show the followng materlals used for the month. C. Time tickets show the following labor used for the month. d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materlals cost. e. Transferred Job 201 to Finished Goods Inventory. f (1) Sold Job 201 for $169,160 on credit. (2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. st entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance
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